Invention Grant
- Patent Title: Systems and methods for distributed-ledger based intercompany netting
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Application No.: US16444462Application Date: 2019-06-18
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Publication No.: US11620645B2Publication Date: 2023-04-04
- Inventor: Naveen Mallela , Gourang Shah , Varoon Mandhana , Martijn Stoker , Manoj Dugar , Abhijit Gupta
- Applicant: JPMORGAN CHASE BANK, N.A.
- Applicant Address: US NY New York
- Assignee: JPMORGAN CHASE BANK, N.A.
- Current Assignee: JPMORGAN CHASE BANK, N.A.
- Current Assignee Address: US NY New York
- Agency: Greenbrg Traurig LLP
- Main IPC: G06Q20/36
- IPC: G06Q20/36 ; G06Q20/10

Abstract:
A method for distributed-ledger based intercompany netting may include: receiving, from a first entity within an organization, a deposit of a first amount of funds to a first account; tokenizing the first amount of funds and writing the first amount of funds to a first token wallet for the first entity on a distributed ledger; receiving, from a second entity within an organization, a deposit of a second amount of funds to a second account; tokenizing the second amount of funds and writing the second amount of funds to a second token wallet for the second entity on the distributed ledger; and executing a transaction involving a transfer of a transaction amount from the first entity to the second entity by deducting the transaction amount from a token balance in the first wallet and adding the transaction amount to a token balance in the second wallet.
Public/Granted literature
- US20190385157A1 SYSTEMS AND METHODS FOR DISTRIBUTED-LEDGER BASED INTERCOMPANY NETTING Public/Granted day:2019-12-19
Information query